Updated: Saturday, 21st September 2019 @ 6:10am

Manchester United report 3.3% drop in revenue following shock 2011/12 Champions League group elimination

Manchester United report 3.3% drop in revenue following shock 2011/12 Champions League group elimination

By Mancunian Matters staff

Manchester United’s finances are under the spotlight again after it was announced the Premier League club’s income for the year ending June 2012 fell.

The Red Devils’ total revenue for the year, announced in the club’s annual results today, was £320.3 million – a 3.3 percent fall on the previous year.

The fall in revenue was expected by the club after the dismal Champions League campaign last season, with United failing to make it out of the group stages.

But for the first time, revenue from commercial income – with United sealing a number of high-profile sponsorship deals – exceeded that from broadcast and match-day income.

"Broadcasting revenues for the year decreased. primarily as a result of our elimination at the group stages of the Champions League,” the club announced.

"For the fourth quarter, revenues decreased 37.4% to £27.5 million as no participation fees were earned compared to Champions League participation fees from the quarter-final, semi-final and final in the fourth quarter of the prior year.

"In addition, we earned minimal revenues from the FA Cup following our fourth round exit, compared with reaching the semi-final in the previous year.

"Matchday revenues for the year decreased, as a result of having played four fewer home games compared with the prior season when we also received a share of the gate receipts from the Champions League final and FA Cup semi-final, both of which were held at Wembley Stadium."

The growth in income from sponsorship and commercial deals has certainly cushioned the blow of the shortfall from the Champions League and FA Cup compared to the previous season.

Commercial revenue was up 13.7% to £117.6m, while broadcast revenue was down 11.3% to £104m and matchday revenue down 10.9% to £98.7m.

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